Seaport Global Securities Weighs in on Hub Group Inc’s FY2019 Earnings (HUBG)
Hub Group Inc (NASDAQ:HUBG) – Research analysts at Seaport Global Securities increased their FY2019 earnings estimates for shares of Hub Group in a report released on Monday, November 5th. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings per share of $3.00 for the year, up from their previous forecast of $2.62. Seaport Global Securities also issued estimates for Hub Group’s Q4 2019 earnings at $0.91 EPS.
Several other equities analysts have also recently commented on HUBG. ValuEngine cut shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. BidaskClub lowered shares of Hub Group from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. BMO Capital Markets lifted their price target on shares of Hub Group from $48.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 2nd. Loop Capital raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Thursday, August 2nd. Finally, Cowen reaffirmed a “hold” rating and set a $53.00 price target on shares of Hub Group in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Hub Group currently has a consensus rating of “Hold” and a consensus target price of $56.83.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, October 25th. The transportation company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $933.22 million during the quarter, compared to analysts’ expectations of $1.11 billion. Hub Group had a net margin of 5.78% and a return on equity of 10.77%.
In related news, Director Charles R. Reaves sold 2,500 shares of Hub Group stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total transaction of $125,600.00. Following the sale, the director now directly owns 68,768 shares of the company’s stock, valued at approximately $3,454,904.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.75% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc bought a new stake in shares of Hub Group during the 2nd quarter valued at approximately $216,000. Amalgamated Bank bought a new stake in Hub Group during the 2nd quarter worth approximately $256,000. Sawtooth Solutions LLC bought a new stake in Hub Group during the 2nd quarter worth approximately $262,000. Tower Research Capital LLC TRC grew its holdings in Hub Group by 16.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock worth $336,000 after acquiring an additional 973 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Hub Group during the 2nd quarter worth approximately $355,000. 91.31% of the stock is currently owned by institutional investors.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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